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This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your knowledge and support exam preparation. Choose a topic below to get started.
| 951. |
Explain the services rendered by the retailers to consumers. |
| Answer» Retailers provide important services to consumers and wholesalers as they act as middle-men between them.Services to consumers:\tReady or quick supply : The most important service of a retailer to consumers is to maintain regular availability of various products so that the buyers can buy the products whenever they need.\tWide variety : Retailers generally keep stock of a variety of products and different manufacturers. This enables the consumers to make their choice out of a wide selection of goods.\tGuiding customers : By ananging the effective display of products and through their personal selling efforts retailers should provide the information of products to the customers.\tDemonstration and after sales services : It can be done in the form of home delivery, supply of spare parts and attending to customers.\tHome delivery : It is an important part of after sale services and for a buyers decision for repeat purchase of the products.\tConvenient location : They are suitated very near to the residential areas and remain open for long hours which makes great convenience to the customers.\tServices to wholesalers and manufacturers :\tReady market: Retailers deal with individuals so the manufacturers and whole-salers will not make individual sales.\tProviding information : By undertaking personal selling efforts retailers relieve the producers of this activity of individual selling.\tRisk bearing : Retailers participates in the promotional activities of the product so that the product becomes popular and then it is less risk for the manufacturers.\tDistribution of goods to distant places : Retailers helps in distribution of goods to the final consumers and thus provide place utility. | |
| 952. |
Describe the functions of retailers |
| Answer» The functions of retailers are as follows :\tFinancing : Retailers provide goods to the consumers on credit basis. This increases the level of consumption and hence the standard of living.\tSupplying market information : Since the retailer is in direct contact with the consumers, he provides information regarding their tastes, preferences and attitudes, etc. to the wholesaler. This information helps them in taking important marketing decisions.\tConvenience in buying : Retailers provide goods to the consumers according to their requirements. Usually, they are situated near the residential areas and remain open for long hours.\tRisk bearing : A retailer has to bear the risk if the change in style and fashion occurs when the goods are stored in large quantities in the warehouses. | |
| 953. |
Define the term\' wholesaler\'. Explain the functions of wholesaler. |
| Answer» Services provided by wholesalers are as follows:\tBuying and assembling : The wholesaler buys the product from the manufacturer and collects the same at one place and supplies goods to the retailers according to their requirement.\tStorage function : The wholesaler also performs the storage function. The goods are purchased by the wholesalers from the manufacturers and stored at warehouses in order to meet the demand of retailers. The wholesalers act as bridge between the production and consumption of goods.\tBreaking the bulk : The wholesaler purchases goods from manufacturers in bulk and avails discounts. He sells goods in small quantities to the retailers which saves the retailers from maintaining large stocks.\tAdvertisement : A wholesaler undertakes advertising and sales promotion of the product which automatically result in the increase in sales.\tMarket information : Wholesalers inform the retailers about the introduction of new products in the market. He also gets feedback from the retailers about the needs and preferences of customers. He passes the information to the producer to make necessary changes in the products.\tRisk bearing : The wholesalers have to maintain optimum levels of stock in their godowns to meet the demands of the retailer. The retailer’s risk of maintaining godowns, price fluctuations, etc., are\treduced to a great level. | |
| 954. |
profession is a respectable job.Explain. |
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Answer» Yes Yes,profession is a respectable job because it requires a special knowledge or skill for doing a particular work. |
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| 955. |
profession is a respectable job. Explain. |
| Answer» | |
| 956. |
Define commerce why is it of great importance in modern life? |
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Answer» Commerce can be defined as the the important part of the business because it help to minimize the hindrance of place ,person , transport, warehouse Commerce is the control of business among economic agents. Usually, it refers to the exchange of commodities, services or items of value, among companies or entities.The significance of Commerce are:\tCommerce acts as a catalyst between the manufacturers and customers.\tIt establishes employment opportunities.\tIt encourages trade in the global level.\tAssists in the growth of developing the industries.\tHelps during exigencies like the natural calamities – earthquake, flood, drought etc. |
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| 957. |
What is the difference blw. Commerce and aids to trade |
| Answer» \tTradeCommerce DefinitionTrade is referred to as a basic economic activity that involves buying and selling of different goods and services between two or more parties involved in the transaction.Commerce involves all the activities that aid in promoting the exchange of goods and services from the manufacturer to the last customers. Primarily, the activities are banking, transportation, advertising, warehousing, insurance, etc.ReachNarrowWider reachPurposeSatisfying the social perspective of seller and buyerTo look for generation of revenueConnectsBuyer and sellerManufacturer and end userRequirement of CapitalTrade requires more capitalCommerce has less capital requirement\t | |
| 958. |
What are the different types of account which can be opened in a Bank,? Explain |
| Answer» The different types of bank accounts are – Savings Account, Current Account,\xa0Recurring Deposit Account, Fixed Deposit Account, DEMAT Account, NRI Account. | |
| 959. |
What is stock exchange |
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Answer» Harman purchased 1000sq.yards of land to build a factory and paid 15 lacs for it to at the end of financial year the value of land came down to 13 lacs and he booked a loss of Rs 2lacs almond purchased thousand square yards of land to build a factory and paid 15 lacs for it at the end of the financial year the value of blood come down to rate 30 lacs and he looked booked a loss of red 2 lakh A stock exchange is an important factor in the capital market. It is a secure place where trading is done in a systematic way. Here, the securities are bought and sold as per well-structured rules and regulations. Securities mentioned here includes debenture and share issued by a public company that is correctly listed at the stock exchange, debenture and bonds issued by the government bodies, municipal and public bodies. |
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| 960. |
What is co operative society |
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Answer» CO-OPERATIVE SOCIETY Co + operative( together ) (operate for the motive of welfare )_______________________________________cooperatives means working together and with others for a common purpose. A co-operative society means a voluntary organization which is established by some persons on the basis of co-operative and equality to safeguard their common economic interests. Cooperative Society is a voluntary association of persons, who join together with the motive of welfare of the members.... Co operative society |
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| 961. |
Case studies plz |
| Answer» | |
| 962. |
Effect on price of tea from Assam in absence of suitable warehousing facilities |
| Answer» | |
| 963. |
Case studies base on types of economic activities.Pliz help |
| Answer» | |
| 964. |
project work on tea from assam |
| Answer» Thank | |
| 965. |
Write the classification of business interprocess on the based of ownership |
| Answer» On the basis ownership industries are classified into private sector, public sector, joint sector and cooperative sector.(i)Private sector industries are owned and operated by individuals or a group of individuals.(ii)The public sector industries are owned and operated by the government, such as Hindustan Aeronautics Limited\xa0and Steel Authority of India Limited.(iii)Joint sector industries are owned and operated by the state and individuals or a group of individuals. Maruti Udyog Limited is an example of joint sector industry.(iv)Co-operative sector industries are owned and operated by the producers or suppliers of raw materials, workers or both. Anand Milk Union Limited and Sudha Dairy are a success stories of a co-operative venture. | |
| 966. |
Explain the main features of NSIC |
| Answer» National Small Industries Corporation (NSIC) was set up in the year 1955 as the\xa0central\xa0government undertaking. ...\xa0NSIC\xa0provides equipment, plant, and machinery on a hire-purchase basis. Under its scheme, entrepreneurs can procure indigenous as well as imported machinery.\xa0NSIC (National Small Industries Corporation) is an\xa0ISO\xa0certified Indian Government Enterprise under Micro, Small and Medium Enterprises. National Small Industries Corporation is working to aid, foster and promote the\xa0growth\xa0of MSMEs (micro, small and medium enterprises) all across the country. | |
| 967. |
Describe the advantages and limitations of loans from financial institutions |
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Answer» \xa0Merits are as :1. Financial institutions provide long-term finance, which are not provided by commercial banks.2.\xa0Obtaining loan from financial institutions increases the goodwill of the borrowing company in the capital market. Consequently, such a company can raise funds easily from other sources as well.3.\xa0Besides providing funds, many of the institutions provide financial, managerial and technical advice and consultancy to business firms.4.\xa0As repayment of loan can be made in easy installments, it does not prove to be much of a burden on the business; and5.\xa0The funds are made available even during the periods of depression, when other sources of finance are not available.Limitations are :1.\xa0Financial institutions are follows rigid criteria for grant of loans. Too many formalities make the procedure time-consuming and expensive.2.\xa0Certain restrictions such as restriction on dividend payment are imposed on the powers of the borrowing company by the financial institutions.3.\xa0Financial institutions may have their nominees on the Board of Director’s of the borrowing company there by restricting the powers of the company. Merits are as :\xa01. Financial institutions provide long-term finance, which are not provided by commercial banks.2.\xa0Obtaining loan from financial institutions increases the goodwill of the borrowing company in the capital market. Consequently, such a company can raise funds easily from other sources as well.3.\xa0Besides providing funds, many of the institutions provide financial, managerial and technical advice and consultancy to business firms.4.\xa0As repayment of loan can be made in easy installments, it does not prove to be much of a burden on the business; and5.\xa0The funds are made available even during the periods of depression, when other sources of finance are not available.Limitations are :1.\xa0Financial institutions are follows rigid criteria for grant of loans. Too many formalities make the procedure time-consuming and expensive.2.\xa0Certain restrictions such as restriction on dividend payment are imposed on the powers of the borrowing company by the financial institutions.3.\xa0Financial institutions may have their nominees on the Board of Director’s of the borrowing company there by restricting the powers of the company. |
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| 968. |
Explain the the pros and cons of public deposits as a source of business finance |
| Answer» | |
| 969. |
What are the sources of long term finance for a business enterprise? Explain. |
| Answer» A n s w e r: Various sources of long term funds include are as follows: Equity shares, preference shares, debentures, retained earnings, loans from financial institutions, loans from commercial banks etc. | |
| 970. |
Make a comparative evaluation of shares and debentures as source of business finance. |
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| Answer» | SHARES | DEBENTURES | \t\t\tShare capital forms a part of the total capital of the company and shareholders are treated as owners of the company.Debentures are defined as a debt of the company and debenture holders are creditors to the company.\xa0Rate of ReturnThe dividend rate on shares fully depends upon the profits that are obtained by the company.The interest rate on debentures is fixed at the beginning of the issue of the debentures.\xa0Payment ConditionShareholders are paid after the debenture holders are paid interest.Debenture holders are paid the interest before the shareholders are paid.\xa0Payment ObligationShareholders are paid dividend out of profits and if the company is in losses they don\'t get dividend.Debenture holders are creditors and get interest compulsorily irrespective of the company makes a profit or not.\xa0Winding up of CompanyThe shareholders of the company may lose a part or full of their capital when the company is wound up.The company should pay back the investment of debenture holders invariably when the company is wound up.\xa0Voting RightsShareholders are given right to attend and vote at the meetings of the shareholders conducted by the company.Debenture holders do not have any right to vote in the company\'s meetings.\xa0Risk AssociatedInvestment in shares of the company is considered as risky because shareholders are of residual interest in the company.Debentures are considered as a good investment idea because it has a right to get the investment amount back.\xa0Redeemable NatureShares are not redeemable except in the case of redeemable preference shares.Debentures are redeemable after the completion of the maturity period.\xa0SecurityThe shareholders have no security for the investment they made on shares.Debentures are very well secured because the debenture holders have a charge on assets of the company.\xa0Maturity PeriodA shareholder of the Shares is not paid back by the company because shares have no maturity period.Debenture holders have to be paid back at the end of a maturity period of the debenture.\t|
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| 971. |
Difference between service and goods |
| Answer» \tBasis of ComparisonGoodsServicesNatureTangibleIntangibleTransfer of OwnershipPossibleNot PossibleSeparableGoods can be separated from the sellerServices cannot be separated from the service providerStorageGoods can be storedServices cannot be storedPerishableNot all goods are perishableServices are perishableProduction and ConsumptionGoods have a significant time gap between production and consumptionServices are produced and consumed together\t | |
| 972. |
Which form of business is suitable for a barber shop in a local community centr |
| Answer» Sole proprietorship | |
| 973. |
examples of import trade |
| Answer» The import trade is referred to goods and services purchased into one nation from another. The word “import” originates from the word “port” considering the fact that the products are frequently transported via ship to foreign countries.\xa0Example : Person A of India imported hi tech machine from JapanThe given case is Import trade. Japan\'s good is coming to India | |
| 974. |
What are bussiness etics |
| Answer» BUSINESS ETHICS\xa0Refers to the moral values or standards or norms which govern the activities of a businessman. Ethics define what is right and what is wrong. By ethic we mean the business practices which are desirable from the point of view of Society. The purpose of business ethics is to guide the managers and employees in performing their job. Example of business ethics are charging fair price from customers, giving fair treatment to workers, earning reasonable profits and paying taxes tithe government honestly. | |
| 975. |
Is registration of partnership firm is essential ? Why or why not? |
| Answer» It is not compulsory for partnership firms to get themselves registered. However, it is beneficial to get themselves registered because an unregistered firm has to suffer the following consequences :1.A partner of an unregistered firm cannot file a suit against any other partner or the firm for enforcing his legal rights.2.An unregistered firm cannot file a suit against any third party or partner for enforcing legal rights.3. Any partner of an unregistered firm cannot claim a set off in a legal proceeding carried on against the firm by a third party for enforcing any legal right.4. No\xa0salary or commission is provided to any of the partners. | |
| 976. |
Describe the meaning of internal and external trade |
| Answer» Internal Trade\xa0:Internal trade is done within the geographical boundaries of a country. As an example, trade done amongst the traders of Delhi, Mumbai, Chennai, Kanpur and Amritsar etc. is called Internal Trade.Types of Internal Trade :(i)\xa0Wholesale Trade\xa0: It involves purchase and sale of goods in wholesale quantities. Large quantities of goods purchased from manufacturer are sold in small quantities to various retailers.(ii)\xa0Retail\xa0:\xa0It involves the sale of goods to consumers by the retailers. A retailer buys the goods from a wholesaler and sells them to customers in their required quantities. It is a link between a wholesaler and consumer. Different types of goods are available at a retailer shop so that a customer could buy the goods of his own choice.Internal trade can also be classified as : (a) Local Trade, (b) State Trade, (c) Inter-State Trade.\xa0External Trade\xa0:\xa0Whenever trade occurs between two countries, it is known as external trade. In foreign trade, both buyer and seller live in different countries. If Reliance Ltd. sells Polyester Yarn to a French firm or L&T Ltd. purchases a heavy machine from a Swiss firm, these would classified as external trade.Types of External Trade :1.\xa0Import Trade\xa0:\xa0When the trader of one country buys the goods from foreign countries, it is known as import trade for the trader who buys the goods.2.\xa0Export Trade\xa0:\xa0When the trader of a country sells goods to a foreign country, it is known as export trade for the trade who sells the goods e.g., if a tea firm of Darjeeling sells tea to U.K., it is export trade.3.\xa0Entrepot Trade\xa0:\xa0The\xa0goods imported from one country for export to another country, is known as entrepot trade. It is also known as Re-export. It is done when a country does not have her own seaport or not having good political relations with other countries or no direct access to those countries from where goods are to be imported. | |
| 977. |
What is the meaning of synthetic industry |
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Answer» Okay Synthetic industry : In this industry, two or more materials are mixed together to create a new product. For example, producing soap, biscuits, etc. |
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| 978. |
What is the scope of e-business? |
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Answer» aglasemHome Schools / Boards CBSECBSE\xa0Class 11 Business Studies Notes :\xa0Emerging Modes of Buisnessby\xa0Anuj William April 22, 2019\xa0Reading Time: 3min read\xa09SHARES1.\xa0e-businesse-business refers to “Carrying on business activities through internet.”2.\xa0Scope of e-business(i)\xa0B2B CommerceTransaction taking place between business units are known as B2B transaction.These transactions may involve(a) Creation of utility(b) Collaborations(c) Commercial negotiations(d) Inviting tenders(ii)\xa0B2C CommerceThe transaction taking place between business units and customers are known as B2C transaction.B2C transaction may involve(a) Selling and distribution(b) After sale service(c) Promotion and other marketing activities(iii)\xa0C2C CommerceThe transaction taking place between customer and customers are known as C2C transactionC2C transactions may involve(a) Selling used books, clothes etc(b) Selling antique items(c) Information about the quality and durability of products etc(iv)\xa0Intra b-commerceThis refers to transactions between the parties or persons who are the part of one firm only.Intra b-commerce transactions may involve(a) Interaction between any two departments of one firm(b) Placing orders and giving instructions of suppliers(c) Recruitment selection and training of employees.3.\xa0Merits(i) Easy to form and lower investment is required(ii) Convenience(iii) Speed(iv) Global reach(v) Cost saving(vi) Movement towards a paperless society4.\xa0Limitations(1) Low personal touch(ii) Delay in delivery(iii) Requirement of hardware(iv) Risk(v) Low ethicsMost of the limitations discussed can be over come with due care and diligence. Some of the way to over come problems are taken up(i) Websites are becoming more and more interactive(ii) The speed and the quality of communication is improving(iii) India has undertaken 150 such projects to diffuse e-commerce in all nooks and corners5.\xa0On Line Transactionse-business refers to shopping through internet or on-line.On-line opens up the whole world as one shop.There are three phases of doing business in e-business or on-line.(i)\xa0Registration\xa0Before on-line shopping one has to register with the on-line vendor by filling up a registration form.(ii)\xa0Placing an Order\xa0In on-line transactions the order can be placed by picking and dropping the items in the shopping cart.(iii)\xa0Payment Mechanism\xa0In an on-line purchase payment is made through(a) Cash on delivery(b) Through cheque(c) Net banking transfer(d) Credit or debit card(e) Digital cash6.\xa0Security security Problems Related to e-commerceThe main security problem of e-commerce are(i) Transactional risk(ii) Data storage risk(iii) Risk of thread to intellectual property and privacy7.\xa0Resources Required for Successful e-business Implementation of e-business(i) Computer hardware(ii) Technically qualified staff(iii) Computerised system of receiving payment(iv) Well designed website(iv) Telecommunication facilities8.\xa0Outsourcing Concept\xa0BOP refers to getting a business task accomplished through an outside agency.(i)\xa0Advantages(a) Concentration on core competence(b) Reduction in cost(c) Help to avoid labour problem(d) Benefits of latest development(ii)\xa0Limitations(a) Confidentiality(b) Sweat shopping(c) Protest in home country(d) Ethical concerns(iii)\xa0Types of Outsourced Services(a)\xa0Financial Services\xa0Big companies often need services of specialists for managing finance. e.g., estimating the finance required, how and when to issue shares, debentures.(b)\xa0Advertising Services\xa0For a long time the firms are depending upon outsourcing services. The business firms hand over the task of designing and carrying on advertisement campaign to outsourcing firm.(c)\xa0Courier Services Courier services refers to postal services provided by the private firms for carrying mails, parcels etc. The common problem of government postal services was delay. The private outsources offer speedy movement of parcels and samples so business firm relay on them.(d)\xa0Customer Support Services\xa0All durable goods require after sale or customer support service to register and attend the complaints of the customers. So firms prefer to outsource these services to outside agencies which are specialised in these tasks. Scope of e-BusinessIt can be understood by the view point of the parties involved and making transactions:1.\xa0B2B Commerce: It is that business activity in which two firms or two business units make electronic transaction. For example- one can be producer firm and other a supplier firm.2.\xa0B2C Commerce\xa0– Business to customer. In this one party is a firm and other party is a customer. On one hand a customer can seek information through Internet about products, place orders, get some items and make payments and on the other hand the firm can make a survey any time to know who is buying\xa0and can also know the satisfaction level of customers. In modern times, call centers can provide these information.3.\xa0Intra-B Commerce\xa0Within business Commerce – Under it, the parties involved in the electronic transaction are the two departments of same business. For Example, through internet it is possible for the marketing department to interact constantly with the production department and get\xa0the customized goods made as per the requirement of customers.4.\xa0C2C Commerce\xa0– Customer to Customer Commerce – Under it, both the parties involved in electronic transaction are customers. It is required for the buying and selling of those goods for which there are no established markets. For example-selling old car through internet.5.\xa0C2B Commerce\xa0– C2B Commerce provides the Consumers with the freedom of shopping at will. Customer can make use of call centers to make toll free calls to make queries and lodge complaints.6.\xa0B2E Commerce\xa0– Companies reporting to personnel recruitment, interview and selection and training etc. via B2E Commerce. |
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| 979. |
The CEO of xyz ltd mr.vasudeva died in road accident .will it affect the life of the company ? Why ? |
| Answer» It will not affect\xa0Perpetual Succession Company is a legal entity separate of its owners or members. It can be brought to an end only by law as it is created by the law. It will only cease to exist when a specific procedure for its closure, called winding up, is completed. Members may come and go, but the company continues to exist through consecutive succession of old members by new members on a continuous basis. We can say that ‘perpetual succession’ implies permanent existence which is not affected by death, retirement insolvency of members. | |
| 980. |
Limitations of company organisation |
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Answer» Company form of business organisation suffers from the following limitations :1.Complexity in formation : The formation of a company is a very time consuming, expensive and complex process. It involves a lot of documentation, legal formalities, etc.2.Lack of secrecy : The Companies Act has made it compulsory for a public company to provide a lot of information to the public as well as to the office of the Registrar of Companies from time to time. This makes it difficult for the company to maintain secrecy about its operations.3.Impersonal work environment:Separation of ownership and management results in lack of motivation. Officers of the company may not take sufficient initiatives and personal efforts for the betterment of the company. Due to the large size of a company, it is very difficult for the top management to maintain personal contact with the employees, customers and creditors. Company form of business organisation suffers from the following limitations :1.Complexity in formation : The formation of a company is a very time consuming, expensive and complex process. It involves a lot of documentation, legal formalities, etc.2.Lack of secrecy : The Companies Act has made it compulsory for a public company to provide a lot of information to the public as well as to the office of the Registrar of Companies from time to time. This makes it difficult for the company to maintain secrecy about its operations.3.Impersonal work environment:Separation of ownership and management results in lack of motivation. Officers of the company may not take sufficient initiatives and personal efforts for the betterment of the company. Due to the large size of a company, it is very difficult for the top management to maintain personal contact with the employees, customers and creditors. |
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| 981. |
Who were jacobins.write their characteristics |
| Answer» The leader of the Jacobin club was Maximilian Robespierre.The Jacobins or the society of the Friends of the Constitution was the most famous and influential club prior to the French Revolution.\xa0The Jacobin gots its name from the former convent of St Jacob in Paris.\xa0It became an important rallying point for people who wished to discuss government policies and plan their own forms of action.The member of Jacobin club belonged mainly to the less wealthy society which included small shopkeepers, printers, artisans like shoe-makers, watch-makers, servants, daily- wage workers, party cooks etc. | |
| 982. |
The maximum number of partners allowed in banking business are |
| Answer» The new Companies Act 2013 has prescribed the maximum number of members in case of a partnership firm should not be more than 100 in case of partnerships. As per the previous Companies Act 1956, the maximum limit in case of partnerships was 10 and 20 for banking business and other businesses respectively. | |
| 983. |
Which chapters are removed from business by cbse |
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Answer» Thanks |
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| 984. |
Define profession |
| Answer» (1) Profession is an economic activity that requires special knowledge and skill to be applied byindividuals for earning their living.(2) Individuals engaged in professions are known asprofessionals.(3) These professionals have to follow the guidelines or codes of conduct laid down by professional bodies.(4) For example, doctors are professionals engaged in the medical profession and have to follow the codes of conduct laid down by the Medical Council of India. | |
| 985. |
_ are use to keep goods for safety |
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Answer» Warehousing Warehousing |
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| 986. |
Provide training to improve efficiency of the employees in business objective |
| Answer» Welfare of employees (SOCIAL OBJECTIVE)... | |
| 987. |
Advertised for new post in the business organisation in business objective |
| Answer» Market standing(ECONOMIC OBJECTIVE).... | |
| 988. |
Advertised for new post in the business organisation |
| Answer» It\'s an economic objective i.e. Market standing... | |
| 989. |
explain any four points of case against social responsibility |
| Answer» Arguments against Social Responsibility:\tViolation of Profit Maximization:\xa0As per this argument, business enterprises claim that our objective is profit maximization. Business can reduce its cost and raise profits and then only it can meet its social responsibility.\tLack of Social Skills:\xa0Business enterprises neither have skill nor experience to solve all types of social problems. Therefore, it should be handled by specialized agencies.\tBurden on Consumers:\xa0Many of the social responsibilities cost a lot and its burden falls on consumers only.\tLack of Broad Public Support:\xa0Business cannot operate successfully because of lack of cooperation and confidence on behalf of public to business enterprises. | |
| 990. |
Mohan is selling books on behalf of his employer |
| Answer» I think u are asking that which type of economic activity is this?....So, ur answer is Employment... | |
| 991. |
A housewife exchanges old clothes for utensils on regular basis. Is it a business activity |
| Answer» A housewife exchanges old clothes for utensils on regular basis is not a business activity because any transaction is called business transaction when it is conducted by a business entity. | |
| 992. |
Define entity |
| Answer» The concept of business entity assumes that business has a distinct and separate entity from its owners. It means that for the purposes of accounting, the business and its owners are to be treated as two separate entities.\xa0Keeping this in view, when a person brings in some money as capital into his business, in accounting records, it is treated as liability of the business to the owner.\xa0Here, one separate entity (owner) is assumed to be giving money to another distinct entity (business unit).\xa0 | |
| 993. |
What is the meaning of outsourcing of service explain the types of outsourcing of service? |
| Answer» Professional\xa0Outsourcing. Professional\xa0outsourcing\xa0includes accounting, legal, purchasing, information technology (IT), and IT or administrative support amongst other specialized\xa0services. This is one of the most popular\xa0types of outsourcing\xa0as there is potential for high cost savings.\tProfessional Service Outsourcing. It\'s very common for many companies to outsource their complicated tasks and processes. ...\tManufacturing outsourcing. This is the most pushed towards type. ...\tProcess-Specific Outsourcing. Other models include very niche processes. ...\tOperational Outsourcing Service. | |
| 994. |
Write notes on RTGS system and NEFT. |
| Answer» 1) RTGS : RTGS is a system of interbanking settlement of transactions conducted among different banks on real time and gross basis. Real time settlement means settling transactions at the time when they take place; there is no time lag between transactions taking place and their settlement. Gross basis involves settling all transactions individually without matching any transaction with another. In RTGS system, every bank along with the Central Bank is linked electronically. Whenever any transaction takes place between two banks, it is settled by the RTGS system. A bank may know its liquidity position at any time during the transaction hours.2) NEFT: NEFT is a nationwide system that facilitates individuals and organisations having bank accounts to transfer funds from their accounts electronically to individuals and organisations having any other bank accounts. However, the intending funds transferor must be authorised by the bank for this. For transferring the funds, the transferor may either use his own electronic resources (computer network). However, branches concerned (transmitting branch and receiving branch) must have NEFT facility. There is no limit on the amount of transfer of funds from the accounts. | |
| 995. |
Write a brief note on the trading community in ancient India |
| Answer» Please reply | |
| 996. |
Discuss any 5 advantages of international business....(last ques)? |
| Answer» \tIncreased revenues.\xa0\tDecreased competition.\tLonger product lifespan.\tEasier cash-flow management.\xa0\tBetter risk management.\xa0\tBenefiting from currency exchange.\xa0\tAccess to export financing.\xa0\tDisposal of surplus goods.\xa0AdvantagesReaching new customersYou probably have a good idea of how your business performs in its home country, but who knows how many more consumers and clients you could reach in a new location? The available pool of prospects will expand dramatically, and they may even have an enthusiasm for your products and services that outmatches the customers at home.Spreading business riskIf your business should unfortunately encounter hard times in one location, continuing to operate in another will relieve some of the pressure. The more countries in which you have a presence, the more the ups and downs of business fortune will become smoothed out and easier to manage.Accessing new talentThe success of your company may depend as much on the people you work with as the actions and decisions of you personally. Expanding to an international location could give you access to talented, invaluable new employees and business partners who would take your enterprise to the next level.Amplifying your brandExpanding your business out from its home country will have the effect of increasing the visibility and therefore brand equity of your name, logo and ethos. You can enjoy a reputation boost from international growth, and your new customers in the target location may perceive your business as having an exotic prestige. You will also have a great opportunity to extend the reach of your intellectual property, trademarks and copyrights to new regions.Securing foreign investmentInvestment firms and individuals are not distributed evenly across the globe, with large concentrations of investment money available in some areas and little in others. Depending on the target country for expansion, you may find that growing your business internationally gives you access to investment capital far beyond that which is available in your original location. | |
| 997. |
Explain the types of retailers.... |
| Answer» | |
| 998. |
Difference b/w wholesaler & Retailer... |
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Answer» hehe ?? Actually jo questions mene puche hai vo to mujhe aate hai yrr ..?bss u hii bdla lerhi thi meri id report krne ka...?vse mene jitne questions puche sbka answer mila yha?? vo bhi bdi jldi milgya socha ni tha....? | Wholesalers " data-original-value=" Wholesalers " data-x="0" data-y="1" rowspan="1"> \t\t\t1. Wholesalers buy from the manufactures and sell goods to the retailers.Retailers buy from the wholesalers and sell goods to the consumers.2. Wholesalers usually sell on credit to the retailers.Retailers usually sell for cash.3. They specialise in a particular product.They deal in different kinds of goods.4. They buy in bulk quantities from the manufacturers and sell in small quantities to the retailers.They buy in small quantities from the wholesalers and sell in smaller quantities to the ultimate consumers.5. Wholesalers always deliver goods at the doorstep of the retailers.Retailers usually sell at their shops. They provide door delivery only at the request of the consumers.6. A wholesaler needs mainly a godown to stock the goods he handles.A retailer needs a shop or a showroom to sell.7. A wholesaler goes to different places to supply.A retailer usually sells at a particular place. Sometime he may have branches in other places.8. A wholesaler need not provide shopping comforts like luxurious, interiors, provision of air-condition, trolleys, etc.A retailer usually provides shopping comforts mainly to attract customers.9. As the wholesaler specialises in a particular pmduct, he has to necessarily convince the retailers about the product quality. Only then the latter will place an order.As the retailer deals in a variety of goods, he need not influence buyers. He can let the buyer choose any brand of product the he likes.10. As per the custom of their trade, wholesalers allow the retailers trade discount each time the retailers buy.The retailers normally do not allow any discount to their customers. Some of them may offer cash discount to bulk buyers. Sometimes, they may offer seasonal discounts.\t
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| 999. |
Discuss the meaning of "Courier" service.... |
| Answer» A\xa0courier service\xa0is a\xa0service\xa0that allows someone to send a parcel or consignment from one location to another. ... Senders have the option to have their parcels collected by a\xa0courier\xa0or drop their parcel off at a nearby location to be picked up later by the\xa0courier.\xa0A courier service is a premium, all-inclusive service which collects and delivers shipments in the shortest possible time frame, while\xa0postal services\xa0are generally used for transporting letters and parcels which can sometimes take some time to arrive at their final destination. | |
| 1000. |
Discuss the postal saving schemes: 1.National savings certificate...2.Public provident fund.... |
| Answer» The\xa0NSC\xa0is a\xa0one-time investment. The\xa0investment\xa0can start from as low as Rs 100 and there is no maximum limit. However,\xa0once\xa0you touch the limit under Section 80C (Rs 1 lakh), the\xa0investments\xa0in\xa0NSC\xa0do not qualify for a tax deduction.\xa0TDS is deducted before being re-invested again in case of bank\xa0FD.\xa0NSC, in comparison with SBI and IDFC Bank FDs, is offering higher maturity value. ...\xa0NSC\xa0certificates can be used as collateral to obtain loan. However, a bank tax-saving\xa0FD\xa0cannot be used for the same as per Bank Term\xa0Deposit\xa0Scheme Rules. | |